1.

Which of the following represents an above the line deductions?

a) self employment tax

b) IRA contributions

c) Personal property tax

d)Unreimbursed employee business expenses

2.

Which of the following represents a fraudulent act under the IRC?

a) Understatement of incomeb) Claiming fictitious or improper deductionsc) Allocation of income to related taxpayers in lower income brackets d) Reporting income in excess of that reported on Information returns by 3rd parties.

3)

What type of deductions is directly deducted from Gross Income?

a) Above the line deductions b) Tax exempt incomec) Tax Creditsd) Itemized Deductions

Please select one answer for each.